SMShah Consulting is a consortium of licensed accountants, tax advisers and legal practitioners. We keep your books, returns and corporate records in order — and stand behind the advice when it is questioned.
Cumulative across engagements to date. It reflects reliefs, credits, exemptions and refunds available under the Income Tax Ordinance, 2001 and allied law, claimed on our clients’ behalf and assessed by the revenue authorities.
It is a record of past work, not a projection or a promise — every case turns on its own facts and its own law.
Active Taxpayers List, Federal Board of Revenue — 6.67 million as at 31 March 2025 — against a national population of roughly 240 million.
The way we run the practice rests on a few things we do not trade away — honesty in what we report, independence in the opinions we give, and respect for the people we work with.
Those standards apply the same way to a single-owner retailer as to a group with several companies. Every file stays with a named practitioner who carries overall responsibility for it, so you are not re-explaining your business to a new person each quarter.
We keep close working relationships with your bankers, auditors and internal finance staff, and we would rather raise something with you early than report it late.
The firm is large enough to cover accounting, taxation, corporate and legal work under one roof, and small enough that the person advising you is the person who knows your file.
Quality control is not a formality here: work is reviewed before it leaves the office, records are kept so that any position we take can be supported, and our staff are trained as the law changes — not after a notice arrives.
From day-to-day bookkeeping to corporate filings and appellate representation, every engagement is handled by practitioners licensed to give the advice — and supported by systems we build and run ourselves.
Books kept to a standard that survives review — prepared by qualified accountants, reconciled on a cycle, and closed to a schedule you can plan around rather than chase.
A full range of income tax and sales tax services, from registration and return filing through to assessments and appeals — with planning that keeps liabilities known in advance, not discovered at year end.
Registration and end-to-end e-invoicing compliance under the FBR digital invoicing mandate — integrated with PRAL and tested scenario by scenario against the sandbox before you go live.
Formation, filings and the statutory record-keeping that keeps a company in good standing with the SECP and the Registrar — handled before deadlines rather than after penalties.
Advice that goes past the numbers — structure, controls and planning for owner-managed businesses that have outgrown the way they were originally set up.
Contract and regulatory work handled alongside the tax file by the same firm, so a position taken on one side does not quietly create exposure on the other.
We kept solving the same compliance problems by hand, so we built the tools. Digital invoicing, the accounting ledger and payroll all run on one platform, with the restaurant and retail till alongside it. Every one is used inside our own practice before it is offered to clients — they are how the work gets done, not the reason the firm exists.
FBR digital invoicing, double-entry accounting and HR & payroll on a single system and a single login — an invoice that FBR accepts posts itself to the ledger, and a payroll run does the same. One company or a group of them — each entity keeps its own books and its own users, with consolidated statements across the lot. Built by the same practitioners who file your returns, so it follows the rules as they are actually applied, and we operate it for you if you would rather not run it yourself.
Invoices raised, submitted through PRAL and tracked to acceptance, for one company or a whole book of clients — each sale type sandbox-proved first.
A double-entry ledger underneath the invoicing, not beside it — so the books are written as the work happens rather than rebuilt at year end.
Employees, attendance and leave feed the payroll run, and the run posts straight to the ledger — the salary sheet and the accounts never disagree.
Orders, stock and FBR invoicing in one connected system — the same till serves a restaurant, a mart, an appliance showroom or an IT retailer. Registered with the FBR and built to work with DI, so a day’s sales reach the return correctly without re-entry.
Visit pos.smshahconsulting.com ↗We look at your books, filings and corporate records as they actually stand, and tell you plainly what is missing.
Registrations, structure, accounting system and — where it applies — digital invoicing, all set up properly the first time.
Bookkeeping, returns and statutory filings on a calendar we track from our side, so deadlines are not your problem to remember.
Continuing advice as the law changes, and representation if a notice, audit or assessment arrives.
Accountants, tax advisers and lawyers in one office — the advice comes from people qualified to sign their name to it.
Accounting, taxation, corporate affairs, advisory and legal support under one engagement, without handing you between firms.
A named practitioner carries your file and stays with it, so nobody re-learns your business every quarter.
Sole proprietorships, AOPs and partnerships, LLPs, private limited companies and personal filings — with fees and working style sized for owner-managed businesses.
Restaurants, retailers, distributors, manufacturers and service providers — the businesses whose books, returns and corporate records we keep.
SMShah Consulting has been practising since 2014 — a consortium of licensed tax, legal and accounting practitioners based in Islamabad. Accountants, tax advisers and lawyers work on the same files in the same office — an organisation large enough to give complete advice, and small enough to give every client personal attention.
We believe personal service and long-term relationships are what make advice worth having. Understanding a business properly is what lets us see a problem while it is still a decision, rather than after it has become a filing. Our clients range from restaurants and retailers to distributors and manufacturers, and a good number have been with us since they were a single outlet.
Because compliance in Pakistan is now as much a systems problem as an advisory one, we also build and operate our own platforms — so the advice and the software that carries it out come from the same place, and neither can blame the other.
Short answers to the things people ask before they call. If yours is not here, send it — a practitioner will answer it directly.
An NTN registers you for income tax; an STRN registers you for sales tax. Every taxpayer needs an NTN. You need an STRN only if you make taxable supplies and fall within sales tax registration requirements — which turns on what you sell, your turnover and your sector, so it is worth establishing before you register rather than after.
Income tax returns run to a statutory annual deadline that differs for individuals and AOPs, companies, and companies with a special year end; sales tax returns are monthly. FBR extends these dates by notification more years than not, so we work to the filing calendar as it stands for your entity rather than to a fixed date.
Bring it in before replying. Most notices have a response window measured in days, and what is said in the first reply frames everything after it. We read the notice against your filed position and the record behind it, and reply as your representative — through to assessment, and to the Commissioner (Appeals) or the Appellate Tribunal if it goes that far.
Materially, yes. Withholding tax is deducted at higher rates from persons not on the ATL, across banking transactions, contracts, imports and property — so the cost of a late or missed return is usually far more than the penalty itself.
The mandate is being rolled out by FBR in phases, defined by sector and by taxpayer category through successive notifications. Whether you are in scope now, and from which date, depends on which of those you fall under — that determination is the first thing we make, because integrating early is cheap and integrating late is not.
FBR defines 28 sale-type scenarios, SN001 to SN028, each covering a different combination of goods or services, schedule, rate and buyer status — standard rate, reduced rate, 3rd Schedule, zero-rated, exempt, steel, telecom, petroleum, retail and so on. Your sector requires only some of them, but every one you issue has to be tested against the PRAL sandbox and accepted before you go live.
Not necessarily. Where the existing system can be integrated, it is integrated. Where it cannot produce a compliant invoice at all, that is a real constraint and we will say so — we run our own invoicing platform for exactly that case, but it is one option, not the only route to compliance.
Incorporation with the SECP is an online process and, when the name is available and the documents and CNICs of subscribers are in order, it is a matter of days rather than weeks. The time actually goes on the decisions before filing — structure, shareholding and the objects clause — which is the part worth slowing down for.
It depends on how many owners there are, whether you need limited liability, how profits will be taken out, and what tax rate the structure attracts. The cheapest structure to register is frequently the most expensive to run. We work it through before you register, because converting later is possible but never free.
Yes, and it is a common starting point. The first step is a review of what actually exists against what should have been filed, so you know the size of the gap before committing to the work of closing it. Reconstruction is priced separately from ongoing bookkeeping.
Yes. Salary, property income, capital gains and foreign income are all filed, along with the wealth statement and reconciliation that FBR expects to see alongside them.
Both, in one office. The practice includes licensed legal practitioners as well as accountants and tax advisers, so a contract is reviewed with the tax consequences in front of the reviewer, and a position taken before the revenue authorities is one the same firm can evidence from the accounting record it maintains.
An accounting question, a tax notice, a company that needs registering, or invoicing that has to meet the FBR mandate — write to us and a practitioner, not a call centre, will get back to you.
Digital invoicing has 28 sale-type scenarios, SN001 through SN028. We test the ones your sector requires against the PRAL sandbox before you go live — and we hold working integrations for all of them, so a change of business line does not mean starting again.
